4373 Results from /regulation
Retired Member
In my previous article, we discussed the common issues that are starting to make their way to the operational and finance teams. Many companies are setting themselves up for customer service issues, delayed payments, and most importantly delayed or lost revenue recognition as they implement their Mexico CFDI electronic invoicing strategy. In thi...
31 July 2013 /regulation Electronic invoicing
Many bankers we speak with are interested in enterprise case management software, but some have trouble getting the project funded. Here are seven justifications that we've seen in successful business cases at other institutions that led to the purchase and installation of enterprise case management software. 1. Your regulator tells you to upgrad...
30 July 2013 /security /regulation
President Obama signed the Dodd-Frank Act into federal law in July 2010. The Act’s primary goal is to increase transparency in the financial markets and prevent another financial collapse. However, since Dodd-Frank’s (DF) passing into law almost three years ago, only 38% of the 398 rules needing to be written and implemented have been. Questions h...
27 July 2013 /regulation
The European Commission (EC)’ s long awaited proposal for a revised Payment Services Directive (PSD2) published on 24 July 2013, has been overshadowed by its proposal for the regulation of Multilateral Interchange Fees (MIF), announced concurrently. PSD2 has some very significant content. The PSD established a legal and regulatory framework for p...
26 July 2013 /payments /regulation Payments strategies 2015-2020-2030
Gently easing my way back into the daily grind after my annual vacation I came across the report that MPs in London are proposing to tax HFT. They must have been drinking more sangria than I have over the past few weeks. For a start, any tax aimed at changing behaviour needs to be very clear about what behaviour it is targeting and the preferred o...
26 July 2013 /regulation
People, companies, regulations… things change Ok, so detection capabilities can search for U.S. indicia – place of birth, address, standing instructions… and not find any. A case management system can store a classification that an entity account is, for example, a passive non-financial foreign entity (NFFE) without U.S. controlling persons. But l...
There is a lot of confusion in the marketplace for solutions for Mexico CFDI. To make matters worse, the timeline for implementing CFDI is looming just around the corner on December 31, 2013. In conversations with many companies, we are seeing a wide variety of solutions. Here are the five mission critical questions you need to ask your potential...
25 July 2013 /regulation Electronic invoicing
Richard Chapman Head of Strategy at SunGard
Much talk has been made about the impact of Dodd-Frank but the European Market Infrastructure Regulation (EMIR) seems to have been the forgotten step child of derivatives regulation. That is all changing. Coming into the fore later on this year, EMIR’s mandates mean that bilateral execution and settlement will soon no longer be an option for over-...
25 July 2013 /regulation
Last month the UK Government backed many of the core proposals in the UK Parliamentary Banking Commission’s final report. This included proposals to make senior bankers individually responsible for the performance of their institutions and business areas and to face prison sentences for reckless banking. Under the new rules senior bankers will be ...
25 July 2013 /security /regulation
So much has been written about the models being the source of all evils in the risk management space. Surely the breaking down of correlation matrices was responsible to a large extent in the erroneous assessment of the exposures and real risk being carried in the balance sheet of our financial institutions prior to the 2008 crisis. In his nominat...
23 July 2013 /regulation
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